Life after XRP: How to Make Your Money, Make You Money.

[PickleRick 3,460]

2018 is going to be the year of XRP. With that comes the responsibility of ensuring the money you do make, not only lasts, but makes you wealthier. After speaking with some members privately, one of them (thanks @GlenHodl ) suggested we start a life after XRP thread and share ideas on how we can best ensure our new found wealth will last. 

Here are my thoughts, and ideas that could help. I'm not an oracle and these are just my opinions - so make sure to do your own due diligence and research before investing your hard earned money. While I wouldn't recommend pulling all of your funds out of XRP at once you could take a percentage out at specific milestones and these could be some further investment options:

• Invest in a domain name. If you aren't familiar with domain name investing, head over to NamePros.com (free), or DNAcademy.com (paid course) to learn more. You can turn $10,000-$50,000 into six figures by investing in domain names. Take a look at some of this years biggest domain name sale here: https://www.dnjournal.com/ytd-sales-charts.htm, if you can invest in a high quality 3 Letter .com domain name, or a 1 word .com domain name, you can turn it into some phenomenal profits. Don't go jumping in head first of course, it will take some time to learn how it all works before you spend a penny. So start learning now if this interests you so you're ready when the time comes.
• Invest in a web based business to generate recurring revenue. You can find web businesses on Flippa.com, and DealFlowBrokerage.com. Be very, very careful when buying an internet business as 90%+ are complete wastes of money. If you have no background in running, maintaining, and operating web businesses this may not be for you.
• Buy a physical business. Head over to BizBuySell.com and see whats around you that you could acquire, and optimize. Again, same goes for physical businesses, due diligence is key.
• Invest in real estate. Whether it's land, condo, vacation rental, apartment complex or otherwise. 
• Invest in a startup you believe in. Imagine if you had a chance to be an early investor in Amazon, Uber, Microsoft, Apple, Instagram, so on. The opportunities are out there.
• Put some into a low risk index fund for steady year over year returns and let them compound.
• Find another early stage crypto currency that is delivering a state of the art solution to a problem that needs solving.

While this list isn't by any means the end all be all, it's a decent place to start the thinking process of how to generate more wealth from the money we are all about to make this year. I know it's fun to talk about Lambos, yachts, trips to Monaco and hookers... the reality is, that a lot of people who make a lot of money usually go broke in a very short amount of time. 

I have my milestones and percentages set, and I'm in the idea phase of what to do with the profits. But I don't know everything (even though I've traversed the universes and literally turned myself into a pickle) so I would love to hear of everyones thoughts, ideas, and opportunities that we can invest in to further our wealth.

[Quintree 256]

I was thinking of using some profits to buy crypto mining equipment. Complete waste of time?

[PickleRick 3,460]

1 minute ago, Quintree said:

I was thinking of using some profits to buy crypto mining equipment. Complete waste of time?

I don't know enough about mining equipment. Which coins are you looking to mine?

[Quintree 256]

2 minutes ago, PickleRick said:

I don't know enough about mining equipment. Which coins are you looking to mine?

Maybe Siacoin with their ASIC or Ethereum.

Edited December 30, 2017 by Quintree

[teddybear 2,209]

I'm gonna share the good s h i t:

Where I'll put my hard zerped cash:

http://www.preussen-hohenberg.com/GMP.html

This baby here:

http://www.preussen-hohenberg.com/Global-Macro.pdf

 

Thank me later. When you make uncorrelated 20-30% per year.

@fourthjohn @Mercury @Ripple-Stiltskin @Tinyaccount @Xilobyte @RegalChicken @zenkert

@jdimstrnate @Global @jcdenton

Edited December 30, 2017 by teddybear

[JTxrPP 779]

no life after XRP for me. HODL'er forever here

[PickleRick 3,460]

2 minutes ago, Quintree said:

Maybe Siacoin with their ASIC or Ethereum.

I'm not sure how profitable that will be, but that's just me. My knowledge in mining cost:profitability is very minimal.

2 minutes ago, teddybear said:

I'm gonna share the good s h i t:

Where I'll put my hard zerped cash:

http://www.preussen-hohenberg.com/GMP.html

This baby here:

http://www.preussen-hohenberg.com/Global-Macro.pdf

 

Thank me later. When you make uncorrelated 20-30% per year l, ya mofos.

Oooooooooh, very interesting. Going to look into it. Thanks!

[PickleRick 3,460]

Just now, JTxrPP said:

no life after XRP for me. HODL'er forever here

Haha! One day, I hope that we'll just be able to use XRP like cash.

[teddybear 2,209]

1 minute ago, PickleRick said:

 

Oooooooooh, very interesting. Going to look into it. Thanks!

I got more of the good sauce. But this is for me and my close friends in finance. There's good stuff out there. Just gotta look veeerrry hard.

[Ripple-Stiltskin 12,258]

7 minutes ago, teddybear said:

I got more of the good sauce. But this is for me and my close friends in finance. There's good stuff out there. Just gotta look veeerrry hard.

Thanks friend! I’ll look into it, have to practice mein Deutsch, I’ m afraid you overestimated my language skills... 

[Guest]

If you're making millions of dollars from XRP, which I hope for every minute of every day, you can simply buy a large bond portfolio and live off the dividends. No need to actively pursue other startups when you can generate substantial income passively. 

On the other hand, if you wind up in the tens or hundreds of thousands, it's time to learn finance and get to work in the equities and options market--though I suppose real estate might be better for some people who prefer social interaction over research/numbers.

Edited December 30, 2017 by Guest

[fastfalcon94 109]

I would recommend a financial advisor if you start to make hundreds of thousands of dollars and you want to get out of crypto. And if you do get out, don't do it all at once. Do it over time. Take out so much a month. I'm in it for the long haul. This will be my exit plan:)

 

 

Edited December 30, 2017 by fastfalcon94

[jdimstrnate 596]

5 minutes ago, nodeJS said:

Your advice is ****. If you really have made a bit with crypto, and want to keep it,  go find a Fee only financial advisor.  https://www.napfa.org

Cause we all need a factory mass produced financial advisor to manage our 0-8% return on the stock market.  Thanks.

[jdimstrnate 596]

The short term plan for me is 5% of xrp pulled out will cover all debt and taxes.  I need to find a REAL financial advisor that handles venture capitalism not stock portfolios.  Stocks are fine and i agree that if you have millions and you buy enough to live off the dividends great but you should be able to expand and not be boxed in to public stock dividend  performance

[Quintree 256]

What about putting some of  it in the eventual Ripple IPO? Do some double dipping